Challenges of Electronic Arbitration in Electronic Commerce transactions

Electronic arbitration is inseparable from the advancement of electronic commerce besides cross-border trade transactions. Merchants in such transactions require an efficient, cost effective, and swift dispute resolution mechanism. Therefore, online arbitration is gaining prominence as it is deemed to be a private and a faster means of solving e-commerce disputes. Research indicates that an increasing number of both domestic and international regulations are adhering to the rules governing electronic arbitration. However, just like e-commerce, e-arbitration is also encountering certain challenges that may hinder its efficient operation. This paper will discuss exhaustively the challenges of electronic arbitration e-commerce.